Al Ramz Corporation Reports 2024 Financial Results
Al Ramz Corporation Investment & Development PJSC has released its preliminary financial results for the year ending December 31, 2024.
Summary
Al Ramz Corporation has reported its financial results for 2024, maintaining stability in its capital structure. The company continues to operate under experienced leadership and remains a key player in the UAE market.
Al Ramz Corporation Investment & Development PJSC, a prominent player in the UAE financial sector, has released its preliminary financial results for the year ending December 31, 2024. The company, established in 1975, has consistently demonstrated resilience and adaptability in a competitive market.
With a paid-up capital of AED 549,915,858, Al Ramz has maintained its capital structure, reflecting stability and shareholder confidence. The company's leadership, under the guidance of Chairman Mr. Dhafer Sahmi Al Ahbabi and Managing Director Mr. Mohammed Al Mortada Al Dandashi, continues to steer the company towards growth and innovation.
Al Ramz's decision to extend its operational duration by 50 additional years in 2005 highlights its long-term vision and commitment to sustainable growth. This strategic decision has allowed the company to capitalize on emerging opportunities within the UAE and beyond.
The external auditing by Ernst & Young ensures transparency and credibility in financial reporting, which is crucial for maintaining investor trust. The company's consistent performance and adherence to regulatory standards make it a reliable entity in the investment landscape.
Given the current financial climate and Al Ramz's stable performance, investors might consider holding their positions. The company's strategic leadership and robust capital structure suggest a steady path forward, albeit with the usual market risks.
In conclusion, Al Ramz Corporation continues to be a significant player in the UAE financial sector, with a strong foundation and a forward-looking approach. Investors should keep an eye on market conditions and company developments to make informed decisions.
Source
Summary
Al Ramz Corporation Investment & Development PJSC, established on June 25, 1975, reported its preliminary results for the year ending December 31, 2024. The company's paid-up, subscribed, and authorized capital is AED 549,915,858. The Chairman of the Board is Mr. Dhafer Sahmi Al Ahbabi, and the Managing Director is Mr. Mohammed Al Mortada Al Dandashi. The external auditor is Ernst & Young. The company's mailing address is P.O. Box 121200, Dubai, United Arab Emirates, and they can be contacted via telephone at +97126262626, fax at +97126262444, or email at IR@alramz.ae.
